Table 1: Disclosable Pecuniary Interests

Question:
Table 1: Disclosable Pecuniary Interests
Answer:

This table sets out the explanation of Disclosable Pecuniary Interests as set out in the Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012.

No.

Subject

Description

1

Employment, office, trade, profession or vocation

Any employment, office, trade, profession, or vocation carried on for profit or gain.

Any unpaid directorship.

2

Sponsorship

Any payment or provision of any other financial benefit (other than from the council) made to the Member during the previous 12-month period for expenses incurred by him/her in carrying out his/her duties as a member, or towards his/her election expenses.

This includes any payment or financial benefit from a trade union within the meaning of the Trade Union and Labour Relations (Consolidation) Act 1992.

3

Contracts

Any contract made between the Member or his/her spouse or civil partner or the person with whom the Member is living as if they were spouses/civil partners (or a firm in which such person is a partner, or an incorporated body of which such person is a director* or a body that such person has a beneficial interest in the securities of*) and the council.

(a) under which goods or services are to be provided or works are to be executed; and

(b) which has not been fully discharged.

4

Land and Property

Any beneficial interest in land which is within the area of the council.

‘Land’ excludes an easement, servitude, interest or right in or over land which does not give the Member or his/her spouse or civil partner or the person with whom the Member is living as if they were spouses/ civil partners (alone or jointly with another) a right to occupy or to receive income.

5

Licenses

Any licence (alone or jointly with others) to occupy land in the area of the council for a month or longer

6

Corporate tenancies

Any tenancy where (to the member’s knowledge)—

(a) the landlord is the council; and

(b) the tenant is a body that the Member, or his/her spouse or civil partner or the person with whom the Member is living as if they were spouses/ civil partners is a partner of or a director* of or has a beneficial interest in the securities* of.

7

Securities

Any beneficial interest in securities* of a body where—

(a) that body (to the member’s knowledge) has a place of business or land in the area of the council; and

(b) either—

(i) the total nominal value of the securities* exceeds £25,000 or one hundredth of the total issued share capital of that body; or

if the share capital of that body is of more than one class, the total nominal value of the shares of any one class in which the member, or his/ her spouse or civil partner or the person with whom the member is living as if they were spouses/civil partners has a beneficial interest exceeds one hundredth of the total issued share capital of that class.

 

*   ‘director’ includes a member of the committee of management of an industrial and provident society.

*   ‘securities’ means shares, debentures, debenture stock, loan stock, bonds, units of a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 and other securities of any description, other than money deposited with a building society.